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Physical Intelligence targets $20B valuation in $1B-plus raise

The robotics AI startup's valuation would nearly double from $11.5 billion earlier in 2026, with Avenir and Lux Capital leading the raise.

Physical Intelligence is in talks to raise more than $1 billion at a valuation of approximately $20 billion, led by Avenir and Lux Capital, according to Bloomberg4. The round would roughly double the robotics AI startup's valuation from $11.5 billion earlier in 2026. Physical Intelligence develops artificial intelligence software to power robots for real-world tasks.

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